St. John

by tristero

Think there’s some truth behind the myth of St. John McCain? Don’t you believe it:

Following his failed presidential bid in 2000, McCain needed a vehicle to keep his brand alive. He founded the Reform Institute, which he set up as a 501(c)(3) nonprofit — a tax status that barred it from explicit political activity. McCain proceeded to staff the institute with his campaign manager, Rick Davis, as well as the fundraising chief, legal counsel and communications chief from his 2000 campaign.

There is no small irony that the Reform Institute — founded to bolster McCain’s crusade to rid politics of unregulated soft money — itself took in huge sums of unregulated soft money from companies with interests before McCain’s committee. EchoStar got in on the ground floor with a donation of $100,000. A charity funded by the CEO of Univision gave another $100,000. Cablevision gave $200,000 to the Reform Institute in 2003 and 2004 — just as its officials were testifying before the commerce committee. McCain urged approval of the cable company’s proposed pricing plan. As Bradley Smith, the former chair of the Federal Election Commission, wrote at the time: ‘Appearance of corruption, anyone?’

RTWT.